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MarkFletcher
Aug 29, 2013 12:53 PM

AUDCAD Long on bounce Long

Australian Dollar/Canadian DollarFXCM

Description

Long on apparent reversal on 4H chart supported by divergence on shorter and longer time frames. Will probably exit this trade for about 1:1 at the weekly pivot.

Entered at 0.93870
Stop at 0.93266
Target at 0.94495, this week's weekly pivot -- may move it if the trade still looks good late tomorrow, otherwise will quit for the weekend.
Comments
MarkFletcher
Target was hit on this position
MarkFletcher
Added a second position @ 0.94177. Once second position gets a close in the black will start trailing the stop using a 5-bar exit.
JavierB
MarkFletcher
Follow @Mark21 on Twitter or circle me on Google+ for trade updates.
MarkFletcher
Make that @mark27q1.... duh.
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